Terra: Mars

Let's do this @mars_protocol-thing.

So, I've already staked $MARS to $xMARS, ...

... and I've provided C2B $LUNA and $UST ('red bank').

But now they have this C2C max x2 strategy ('fields'), let's discover this together, shall we?

The idea of the 'fields' is that you have an LP that you create there (so you don't actually have the LP; you have the unpaired assets), which you can borrow $UST against. The LPs are leveraged (currently) 2x, so yields are much higher than in other hosting protocols.

All this is new to me, too, so, the way I learn is to put a little bit in, and, as this protocol entails borrowing, borrowing a safe, smol amount, then see what happens.

So, first up, let's populate each LP in turn. I'll anchor this exercise with $ANC.

$ANC is
a good one to start with, because this strategy has run out of $UST to lend, so, let's establish a straight-up LP and see what that gets us. 

Huh, and now they have resupplied the ANC loan-side. So, let's carry on, then!

First, select 'farm' for the ANC-UST strategy.

You're brought to a three-paneled page of newness. Let's deal with this one panel at a time.

First (top panel): select how much $ANC you wish to deposit into this strategy. Me, I'm depositing all the available $ANC.

Next (middle panel): slide the amount of $UST you wish to fund the strategy. Flush right means fully funded (no borrow). As you move the slider left, you borrow more $UST against the strategy. Note: the more you borrow, the higher the risk AND APY.

I'm borrowing 100 $UST.

The third panel gives you a summary: how much $ANC you deposited, how much $UST you funded it with, and how much $UST you're borrowing

$ANC + $UST funded + $UST borrowed = your strategy

It also gives your APY, leverage multiplier, and liquidation quote.

I select 'Farm'!

It gives you a 'transaction successful' message. Then you can return to the 'My Station'-tab, and see the strategies in which you participate.

Cool! Do this for $MIR and $LUNA and you have your algorithmic, decentralized money market up and running!